Emirates Advanced Investments made an offer to acquire Alexandria New Medical Center (CASE:AMES) from Abu Dhabi Commercial Bank PJSC (ADX:ADCB), Tawasol Holdings For Financial Investments, and others for approximately EGP 680 million on June 6, 2021. Under the terms of offer, Emirates Advanced Investments will purchase up to 14.274975 million shares, 100% of the capital of Alexandria Medical Services Company, at a cash price of EGP 47.986 per share, with a minimum execution of 51% of the company's shares targeted for the offer, in accordance with the provisions of Chapter Twelve of the Executive Regulations of the Capital Market Law No. 95 of 1992.

The offer is being studied by Financial Regulatory Authority. CI Capital acted as financial advisor for Abu Dhabi Commercial.